Origin Materials, Inc. (NASDAQ:ORGN – Get Rating) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.27 and traded as high as $5.55. Origin Materials shares last traded at $5.50, with a volume of 34,267 shares.
Analyst Upgrades and Downgrades
Separately, Credit Suisse Group started coverage on shares of Origin Materials in a research report on Friday, October 14th. They issued an "outperform" rating and a $7.00 price objective on the stock.
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Origin Materials Price Performance
The stock's fifty day moving average price is $5.27 and its 200-day moving average price is $5.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 23.03 and a current ratio of 23.02. The firm has a market cap of $784.87 million, a PE ratio of 11.46 and a beta of 1.05.
Origin Materials (NASDAQ:ORGN – Get Rating) last posted its earnings results on Thursday, November 3rd. The financial services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.05. As a group, equities analysts forecast that Origin Materials, Inc. will post -0.2 EPS for the current fiscal year.
Insider Buying and Selling at Origin Materials
In other news, insider Stephen Galowitz sold 21,768 shares of Origin Materials stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $5.70, for a total transaction of $124,077.60. Following the sale, the insider now owns 141,497 shares in the company, valued at $806,532.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Origin Materials news, General Counsel Joshua C. Lee sold 10,200 shares of the company's stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $5.68, for a total value of $57,936.00. Following the completion of the sale, the general counsel now directly owns 57,827 shares of the company's stock, valued at approximately $328,457.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Galowitz sold 21,768 shares of the company's stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $5.70, for a total transaction of $124,077.60. Following the completion of the sale, the insider now directly owns 141,497 shares of the company's stock, valued at $806,532.90. The disclosure for this sale can be found here. Insiders have sold a total of 288,304 shares of company stock valued at $1,448,830 over the last ninety days. Corporate insiders own 25.20% of the company's stock.
Institutional Investors Weigh In On Origin Materials
Large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Origin Materials during the first quarter worth approximately $44,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Origin Materials in the second quarter valued at $52,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Origin Materials in the second quarter valued at $56,000. ProShare Advisors LLC bought a new position in Origin Materials in the second quarter valued at about $62,000. Finally, Principal Financial Group Inc. bought a new position in Origin Materials in the second quarter valued at about $63,000. Institutional investors own 28.63% of the company's stock.
About Origin Materials
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Micromidas, Inc, doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets.
Further Reading
- Get a free copy of the StockNews.com research report on Origin Materials (ORGN)
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